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20121004
20121004
Search Results 0 to 6 of about 7 (some duplicates have been removed)
the contractors it is not necessary to send outlay off notices 60 days ahead of the defense cuts as the law requires. the argument is because there is uncertainty about if the spending cuts will happen and the effect they would have. a top legal expert says that is not following the spirit of the law. >> the administration did not give the specifics required by law as to what plants would be affected and said the act is nullified because of that. the whole purpose of the act is to give workers forewarning and that is what is missing here. if things don't go well, these workers will go over the cliff in the game of chicken. >>reporter: both the president and members of congress are on the campaign trail so the earliest this can be worked out is after the election when the pressure will be on. >>trace: and the clock ticks. some republican lawmakers are not too thrilled the way this is handles. >>reporter: that is right. the administration has told the defense contractors if they get sued for not sending outlay off notices, the government will pick up the tab. senator graham said this is typic
committee, senator lindsey graham, says we are in danger of no longer being a rule of law nation. >> this is a huge deal and it is a mini queue. you're having the executive branch unilaterally telling the private sector to ignore a congressional statute, again, what kind of precedents in the future? >> he's angry will about this memo which says, quote, dol, department of labor, concluded that it is neither necessary nor appropriate for federal contractors to provide act notice to employees 60 days in advance of the potential sequestration because of uncertainty about whether sequestration will occur and if it did, what effect it would have on particular contracts. the administration also notes even if this sequester were to occur, the pentagon does not expect to terminate or substantially modify contracts until months after january 2. lockheed martin is one defense contractor that has said it will honor the administration's request to hold off sending outlay-off notices. the defense contractors have been assured if there are lawsuits filed against them, the administration is plan
the first thing you have to do is let all of the 2001-2003 tax laws sunset. go away. that's a tax increase, most of which the president wouldn't support. then you have to cut by $5 trillion. so compared to where we are now it's a much smaller reduction in tax revenue which makes it easier to fill the revenue hole and we have five studies, one from martin feldstein, one from the tax foundation, one from the american enterprise institute, we have studies that show there are plans that meet the governor's goal, cut rates 20% across the board, don't lose revenue and make sure the rich pay their fair share of taxes so it can be done. >> brown: but as to filling the hole that we're talking about" those studies -- >> they fill the hole. >> brown: but it depends on where you're at in terms of your income. >> so i think the key is there are tax plans that can fill that hole. jared can write a tax plan that fills that hole and raises taxes and those are the one it is democrats are referring to. >> brown: go ahead. >> first of all, some of what doug just said confused me even more about this because
Search Results 0 to 6 of about 7 (some duplicates have been removed)